Saturday, January 16, 2021

FATF Not Satisfied With Pakistan’s Claim Of Fighting Terrorism

Pakistan has received 150 questions from the Joint Group of the Financial Action Task Force (FATF) in response to the report it submitted earlier this month, seeking clarifications, updates, and action against madrassas belonging to banned terror organizations.

Pakistan Promises To Achieve All FATF Targets On-Time Including Terror Financing

A top official source confirmed to The News that they have received a response from FATF.

“Yes, we did receive a response from FATF on our compliance report through an email. The body raised a set of 150 questions in the email, some of them seeking more data, some clarifications, and most importantly questions related to madrassas and actions taken against them having affiliation with proscribed outfits.”

Pakistan has been given until January 8, 2020 deadline to respond to the 150 questions. The next meeting of FATF meeting is scheduled to be held from January 21 to 24 in Beijing, China where Pakistan will be given a chance to argue its position with reference to the compliance report.

Pakistan is expecting that FATF may grant it another relaxation probably up to June 2020 in its upcoming plenary review meeting, as the February deadline is too short a period for Pakistan to comply with the remaining 22 action plans.

The task force kept the country on its grey list for an extended period till February 2020. In the previous meeting held in October, it had warned that Islamabad would be put on the blacklist if it did not comply with the remaining 22 out of 27 points related to anti-money laundering and counter-terrorist financing identified by the watchdog.

Pakistan successfully managed to escape from ending in the blacklist in the last meeting with the support of China, Turkey, Malaysia, Saudi Arabia and Middle Eastern countries. India had failed to convince the world powers that Pakistan was not cooperating with the multinational forum related to terror financing.

The joint working group of the FATF declared Pakistan as largely compliant on 10 points, however, the FATF plenary meeting accepted Islamabad’s compliance only on five points out of 27 action plans.

The FATF in its previous statement had said, “Should significant and sustainable progress not be made across the full range of its action plan by the next plenary, the FATF will take action, which could include the FATF calling on its members and urging all jurisdictions to advise their FIs (financial institutions) to give special attention to business relations and transactions with Pakistan.”

Via – The News


Greek Parliament Approves Rafale Fighter Jet Deal From France

The much-speculated deal between France and Greece for Rafale fighter jets is expected to be signed soon. The Greek lawmakers have given a nod...

Why Should Pakistan Be ‘Very Worried’ By India’s New Role At The UN Security Council?

India, which has begun its stint as a non-permanent member of the UN Security Council for 2021-22, will be chairing three key UN sanctions...

Indian Air Force Chief Compares LCA Tejas With Pakistani / Chinese JF-17 Thunder

Drawing a comparison between India's LCA Mk1A ‘Tejas’ and Pakistan's JF-17 fighters, Indian Air Chief Marshal RKS Bhadauria said that the Indian jets are...

After Russian S-400, India Inks Pact With The UK To Acquire STARStreak Air Defense System

The Indian Army has moved a step closer to acquiring the STARStreak air defense system as the British company Thales and India's Bharat Dynamics...

Turkey Inaugurates New Consulate Building In Pakistan’s Karachi

Turkish Foreign Minister Mevlut Cavusoglu on Thursday inaugurated the country’s new consulate building in Pakistan's commercial capital Karachi. Addressing the inauguration ceremony, Cavusoglu said the...